Hedera’s HBAR: A Bumpy Ride to a 45% Surge – Buckle Up!

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Well, gather ’round, dear readers, for I bring news from the wild and woolly world of HBAR, the cryptocurrency perched atop the Hedera Hashgraph like a crow on a fence post. This little token, after a spell of sulking, has taken to the skies, rising for six straight days, reaching the rafters of its price range, a level it has not seen since the balmy days of May 8th. Why, it appears our dear crypto market is just as fickle as a cat in a room full of rocking chairs! 🐱🪑

Now, if you have your spectacles fixed just right, you’ll see that Hedera’s pride and joy leaped to a height of $0.2285, a high not seen since the eve of March 27. The poor fellow has skyrocketed by a dizzying 80% since its June low—much like a squirrel finding an acorn after a long winter! 🌰

And what’s this? The value locked tighter than a bear hug in this ecosystem has climbed beyond $215 million, up from a paltry $151 million that graced it earlier this year. Notable players such as Stader, SaucerSwap, Bonzo Finance, and Libre Capital are tossing their hats into the ring. It’s a veritable barn dance of financial flurry! 🤠

But bless my boots, the action doesn’t stop there! Last week, the volume in decentralized exchange networks jumped higher than a jackrabbit on a hot griddle, handling over $15.6 million in a mere 24 hours and a whopping $80 million over the week. Can you believe it? 💸

Let’s not forget the sturdy stablecoins, which have surged past $151 million—considerably better than their pitiful low of $40 million just last month. It appears they’re nearing their all-time party hat high of $212 million. A stablecoin celebration is afoot, and it seems folks are warming up to the idea of using the network, which is always a good sign. 🎉

In the meantime, the investors, bless their oft-optimistic hearts, are holding out hope that the Securities and Exchange Commission will soon give a nod of approval to the HBAR ETFs freshly submitted. If that happens, well, Wall Street might just come waltzing in with a sack full of cash! 💰

HBAR Price Technical Analysis

Upon gazing into the daily chart, one can see that the HBAR price has performed an impressive rebound, forming a double-bottom pattern at a modest $0.1255. A double bottom, I must say, is as bullish as a bull at a rodeo! 🐂

Hedera’s price is now approaching the neckline at $0.2288, its highest point from May 12. With a double-top pattern boasting a height of around 45%, it’s akin to measuring a mountain and realizing, by golly, you might even be able to climb it! 🏔️

With the token climbing above the 50-day and 100-day Exponential Moving Averages, and indicators like the Relative Strength Index and MACD on the rise—well, we might just witness an ascent toward the lofty target of $0.3327, a 45% hike above where it currently stands. Why, that target can be found by measuring the depth of the double bottom and then running that distance to the neckline like a hound on the scent of a rabbit! 🐕

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2025-07-13 18:45